Optimism, bad investments and unsustainable employee benefits, just a few ingredients that put the city of Stockton on the brink of formally declaring bankruptcy tonight. But Mayor Ann Johnston says in our "Saving the California Dream" series, when you're out of cash, you're simply out of cash.
Series producer Heidi Cuda says the California Common Sense (cacs.org) study, "How Stockton Went Bust," shows a city hammered by the housing collapse and pension costs.
FOX 11 News and Studio 11 L.A. special: "Saving the California Dream"... a comprehensive look at the state of our state with series producer Heidi Cuda.
Watch the 'Saving The California Dream' Video Report